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as a basis for peace in our world. >> next wednesday, october 3rd, mitt romney and president obama meet in their first presidential debate moderated by jim lehrer of the "newshour" from the university of denver. watch and engage with c-span including our live debate preview at 7 p.m. eastern, the debate at 9, and of after the debate your reaction, calls, e-mails and tweets. follow us on c-span, c-span radio and online at c-span.org. >> next, three former obama administration pentagon officials defend the president's foreign policy and national security record while criticizing mitt romney. moderated by former cnn, cnn contributor bill schneider, the discussion focuses largely on iran's nuclear program and america's presence in afghanistan. this event, which took place yesterday, runs about an hour, and we'll show you as of this as we can until the pentagon briefing scheduled at 2 p.m. eastern. >> struggling in, and you're encouraged to help yourself to coffee, food, whatever you need. my name's mike bennett, on behalf of my colleagues, jim kessler -- who's here somewhere -- sean gibbons
romney calls for the lowering of individual rates across the board and the elimination and reduction of existing tax exemptions. on the other hand, some democrats have called for continuing the bush tax come content bush tax cuts. what a thing can actually grow the economy and reduce the deficit? >> what is good for the country, mr. powell, is that we need to -- we need to create jobs. that is how we get going again and that is how we get more tax revenues to the federal government to help manage down that debt. so we don't want to raise taxes, but we actually want to reform taxes. we want comprehensive reform and we want a corporate tax rate that is the least competitive in the industrialized world. they are looking to locate or relocate -- it is not always attractive. we need to make sure that we change that peculiarity in tax law which forces american-based, multinationals that mr. powell does not like, i think that we need to make sure they don't pay taxes twice if they are operating abroad. and he would suggest that perhaps that is giving them a tax break. what is happening is t
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